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Gold Smashes $4,650. Debasement Trade Has Legs

Monday, August 24, 2026

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โš”๏ธ XAU ALERTS
Gold Smashes $4,650. Debasement Trade Has Legs

Monday, August 24, 2026

DXY collapsed to ~98.70, its weakest print since mid-May, and gold bulls are running with it. US Treasury's expanded bond buyback program is fueling the debasement trade hard, with Middle East tensions and relentless Chinese central bank buying adding jet fuel. Jackson Hole starts this week. Fed Chair Warsh talks rates, and any hawkish pivot is the one threat that can stop this rally cold.

๐Ÿ“‰ Daily Bias: Bullish
๐Ÿ”ด Key Resistance: $4,685
๐ŸŸข Key Support: $4,595

July PCE drops Friday. a hot print hits gold fast, but a soft read pushes bulls straight toward $4,773.

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XAUalerts ยท ยฉ 2026 ยท Not financial advice